Greetings Everyone!

Finally some exciting news from the government to help squash the downward spiral in the housing market and our economy!

The government has passed the American Recovery and Reinvestment Act for all first time home buyers in the US. The Recovery Act became retroactive to January 1, 2009 and will continue to affect new home purchases to December 1, 2009.

The key points for you the Buyer, is as follows:

* Maximum credit on your IRS return in 2009 is $8,000. This is a gift, and does not have to be paid back. Your tax liability will be reduced or eliminated completely for the year of the purchase. Any unused amount of tax credit will be refunded to the purchaser.

* Eligible properties include your primary residence, which includes single family homes, condos, co-ops or townhouses.

* First time home buyers and spouse (if applicable) may not have owned a primary residence in the 3 years prior to purchase.

* If the home is sold within 3 years of purchase, ths entire amount of the credit will be recaptured on the sale of the home. But, if you stay in the home for 3 years or longer, the credit monies are yours to keep!

This is great news if you are a first time home buyer....and even if you are not a first timer, it's still good news! Our economy needs a good kick start right now, as getting first time buyers motivated to purchase will ultimately help the higher priced homes in the chain moving again, and make us all healthy again!

Couple this incentive with mortgage interest rates hovering in the low 5% range, and the selection of homes on the market ...makes buying now the best choice ever. For more information, and help in making your descion to purchase a new home, I am here to assist in any way possible....I am just an email or phone call away.

Thank you for allowing me to share this information with you.

Debbie Bathen..........Service above and beyond expectation!

Cell: 856-404-3074   Email: debbiebathen@remax.net